Retirement plan

PIEDMONT HEALTHCARE, INC. 401(K) TOMORROWPLAN

Name: PIEDMONT HEALTHCARE, INC. - PIEDMONT HEALTHCARE, INC. 401(K) TOMORROWPLAN (2023) Form 5500
Creator: PIEDMONT HEALTHCARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIEDMONT HEALTHCARE, INC. 401(K) TOMORROWPLAN, PIEDMONT HEALTHCARE, INC.

PIEDMONT HEALTHCARE, INC.EIN 58-1503902Plan #003PY 2023

1800 HOWELL MILL ROAD, SUITE 325 - ATLANTA, GA 30318678-503-1915

Other plans on this EIN

1 filing

#004Retirement-$438.1M assets

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$2404.4M

-30.7% from 2019

Total participants

44,621

-21.2% from 2019

Average account balance

$55,996

-10.9% from 2019

Annual return

29.01%

-12.26 pp from 2019

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.86B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$63K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

45,125

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.42%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$39

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$1,839,568
AON CONSULTING6+ years Filed as: AON HEWITT INVESTMENT CONSULTING, Service code 27 · EIN 36-3109431	Advisory (Plan)	$123,560

Plan features & details

Pension benefit codes2F2J2K2T2E2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.0M

$58 / participant

Recordkeeping$2M88.1%
Investment mgmt$79K4.0%
Legal$2K0.1%
Contract admin$5K0.2%
Other / not subdivided$152K7.6%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRAZIER & DEETER
Auditor EIN: 581433845
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,996

$68,330-18.1%

$149,740-62.6%

$96,393-41.9%

Participation rate

95.0%

74.6%+20.5pp

78.8%+16.3pp

71.3%+23.8pp

Annual return

29.01%

29.64%-0.6pp

134.51%-105.5pp

22.88%+6.1pp

Employer contribution / active EE

$2,888

$2,139+35.0%

$4,821-40.1%

$3,239-10.8%

Participant deferral / active EE

$4,849

$4,422+9.7%

$5,683-14.7%

$5,455-11.1%

Admin fee / account holder

$46

$52-11.1%

$13,222-99.7%

$74-37.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$1,839,568

AON CONSULTING6+ years

Filed as: AON HEWITT INVESTMENT CONSULTING,

Service code 27 · EIN 36-3109431

Advisory (Plan)

$123,560

PIEDMONT HEALTHCARE, INC. 401(K) TOMORROWPLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIEDMONT HEALTHCARE, INC. 401(K) TOMORROWPLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion